News
Aviva Brings on Ex-Zurich Exec Blanc as CEO, Replacing Tulloch
Aviva plc appointed former Zurich Insurance executive Amanda Blanc as its new chief executive officer. She succeeds Maurice Tulloch, who has stepped down from the role for family health reasons. ...
Torrential Rain, Thunderstorms Batter Parts of China, Creating Flood Risks
The central Chinese city of Wuhan, epicenter of the new coronavirus pandemic, raised its flood alert level on Monday as torrential rain and thunderstorms battered swathes of the country, including ...
Aon Ends Most COVID-19-Related Salary Cuts Except for Named Executives
Aon will end the salary cuts implemented in May as a response to the economic uncertainties caused by the COVID-19 pandemic. Effective July 1, Aon ended the salary cuts and will colleagues for the ...
Climate Battles Are Moving to the Courtroom, Fueled by Creative Arguments
Climate change may be having its day in court. With the slow pace of international climate negotiations, lawyers from Switzerland to San Francisco are increasingly filing lawsuits demanding action. ...
Lemonade’s Debut Day of Trading Sees 140 Percent Jump in Stock Price
Lemonade soared on July 2 as its stock price climbing nearly 140 percent in the InsurTech's debut day as a public company. It's a significant achievement for the New York-based startup, which only ...
Woolley Joins AXIS International Construction Team
A veteran of Zurich Insurance, CNA and more joined AXIS Capital Holdings Ltd. in a leadership role. Anna Woolley was named senior underwriter in the AXIS International Construction team. In her new ...
California Utility Emerges From Bankruptcy After Wildfires Pushed It to the Brink
Nearly a year and a half after collapsing under $30 billion in liabilities from wildfires sparked by its equipment, PG&E Corp. has emerged from the biggest utility bankruptcy in U.S. history. The ...
Allianz CEO Baete Predicts 2021 Recovery Barring Another Major Coronavirus Hit
Allianz, which is facing headwinds from the coronavirus crisis, expects to be back on track in 2021 barring a second major outbreak or financial market correction, the German insurer's chief ...